ATK Takes Step Toward Spinning Off New Company, Vista Outdoor

Press Release

August 14, 2014

Alliant Techsystems Inc. has announced that, in connection with its previously announced plan to create two independent, public companies with in outdoor sports and aerospace and defense, it filed today a registration statement on Form 10 with the Securities and Exchange Commission.

The filing reflects the name for the new sporting company, Vista Outdoor Inc. ATK intends to spin-off its sporting group business through the distribution of all the shares of common stock of Vista Outdoor Inc. to ATK stockholders. The new publicly traded company will design, manufacture and market consumer products in the growing outdoor sports and recreation markets.

"The name 'Vista Outdoor' reflects our vision to be a leading provider in outdoor sports and recreation," said Mark DeYoung, ATK president and chief executive officer and future chairman and chief executive officer of Vista Outdoor. "We will develop innovative and affordable products, grow our legacy brands and expand into complementary and adjacent markets.”

Vista Outdoor will be headquartered in Utah, an outdoor recreation hub for manufacturers and recreational-equipment suppliers to the outdoor industry. Vista Outdoor generated approximately $2.3 billion in pro forma sales in fiscal year 2014. The company will have approximately 5,800 employees across the U.S. and internationally.